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Labour Unions, Public Policy and Economic Growth

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  • Palokangas,Tapio

Abstract

Collective bargaining is the main vehicle for labour worldwide to negotiate wages, benefits, retirement policies, training and other terms of working with management in both the public and private sectors. Labour economists have long been active in modelling the relations between collective bargaining agreements, labour markets and social welfare conditions. This 2000 book presents a theoretical model of unions which offers a unified treatment of the centralisation of bargaining, the credibility of labour contracts, the unionisation of labour markets and the relative bargaining power of the union. Tapio Palokangas develops the microfoundations of bargaining and examines collective bargaining interacting with public policy, investment and growth, and international trade and specialisation. In conclusion Professor Palokangas challenges the commonly held view that collective bargaining has a negative impact on economics welfare, and argues that with the existence of market failure, collective bargaining can be welfare enhancing.

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521144056 and published in 2010.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521144056
Handle: RePEc:cup:cbooks:9780521144056

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Web page: http://www.cambridge.org

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Cited by:
  1. Palokangas, Tapio K., 2014. "The Political Economy of Labor Market Regulation with R&D," IZA Discussion Papers 8147, Institute for the Study of Labor (IZA).
  2. Palokangas, Tapio, 2003. "The political economy of collective bargaining," Labour Economics, Elsevier, vol. 10(2), pages 253-264, April.
  3. Alex Bryson & David Wilkinson, 2002. "Collective bargaining and workplace performance: an investigation using the workplace employee relations survey 1998," LSE Research Online Documents on Economics 4995, London School of Economics and Political Science, LSE Library.
  4. Tapio Palokangas, 2008. "Economic Integration, Lobbying by Firms and Workers, and Technological Change," DEGIT Conference Papers c013_003, DEGIT, Dynamics, Economic Growth, and International Trade.
  5. Vesna Stavrevska, 2011. "The efficiency wages perspective to wage rigidity in the open economy: a survey," International Journal of Manpower, Emerald Group Publishing, vol. 32(3), pages 273-299, July.

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